Quote:
Originally Posted by DAVES
The dollar is backed by the full faith and credit of the United States.
Good luck if you decide to play this game. Aside, reality the S&P average as of 3/30/21, for the year is up 56.35%.
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That's a hoot. The full faith and credit of the US ain't what it used to be. Federal Reserve founded in 1913 and its subsequent manipulation of our currency has resulted in a 99% decline in the dollars purchasing power. Roosevelt making gold ownership illegal and Nixon taking the US off the gold standard subsequently contributed.
The fact there's a limited supply of BitCoin, it can't be manipulated by a greedy government and every transaction is transparent for all to see are reasons why many find it so attractive. Those same reasons are why it scares the hell out of politicians, the Treasury Department and the Federal Reserve. No more manipulation? My God, how do you expect a government to survive?......
BTW, the S&P is up around 8% +/- YTD.